Monthly Archives: June 2010

দুটি কম্পানির আইপিও এবং প্রসপেক্টাস অনুমোদন

পুঁজিবাজার থেকে অর্থ সংগ্রহের জন্য একটিভ ফাইন কেমিক্যালের প্রাথমিক গণপ্রস্তাব (আইপিও) অনুমোদন করেছে পুঁজিবাজার নিয়ন্ত্রক সংস্থা সিকিউরিটিজ অ্যান্ড এক্সচেঞ্জ কমিশন (এসইসি)। কম্পানিটি পুঁজিবাজারে ১০ টাকা অভিহিত মূল্যের ১ কোটি ৬০ লাখ শেয়ার ছেড়ে ১৬ কোটি টাকা সংগ্রহ করবে। গতকাল অনুষ্ঠিত কমিশন সভায় এ প্রস্তাব অনুমোদন করা হয়েছে।
এছাড়া এসইসির সভায় গ্রীন ডেল্টা ইনস্যুরেন্সের ১৫০ কোটি টাকার মিউচ্যুয়াল ফান্ডের প্রসপেক্টাস চূড়ান্তভাবে অনুমোদন করা হয়েছে। এই ফান্ডের স্পন্সর প্রতিষ্ঠান গ্রীন ডেল্টা ইনস্যুরেন্স কম্পানি লিমিটেড ১৫ কোটি টাকা দেবে। প্রাক-আইপিও প্লেসমেন্টের মাধ্যমে ৬০ কোটি টাকা সংগ্রহ করা হবে। বাকি ৭৫ কোটি টাকা আইপিওর মাধ্যমে সাধারণ বিনিয়োগকারীদের কাছ থেকে সংগৃহীত হবে। ফান্ডটির ব্যবস্থাপনার দায়িত্ব পালন করছে এল আর গ্লোবাল। এসইসির নির্বাহী পরিচালক ও মুখপাত্র আনোয়ারুল কবির ভূইয়া গতকাল কালের কণ্ঠকে এ তথ্য জানান।

Source: Daily Kalerkantho – 30 June, 2010

LankaBangla Finance: New subsidiary in the offing

FE Report

LankaBangla Finance Limited, a leading non-banking financial institution (NBFI) is going to launch ‘LankaBangla Investments Ltd’, a new subsidiary aiming to strengthen the merchant banking.

“We hope our new subsidiary will be opened by August to give a thrust on merchant banking with a professional outlook,” Mafizuddin Sarker, managing director of LankaBangla Finance Ltd told the FE in an interview recently.

He said the listing process of LankaBangla Securities, another subsidiary of LankaBangla Finance is also progressing.

LankaBangla Securities remains the top broker of the country during the last few years.

Mr Mafiz said his company is working hard to expand the secondary bond market.

LankaBangla Finance is one of the recipients of license awarded by Bangladesh Bank to act as primary dealer (PD).

“But our efforts will not be fruitful unless the government allows a transparent policy on taxation against the income of bonds,” Mr Mafiz clarified.

He mentioned that at present the policy on bonds of Bangladesh is not conducive like the policies of neighbouring countries.

He further added that the central bank should not allow participation of non-licensee FIs at the Bangladesh Bank auction.

Emphasising the need for developing the bond market, he said mobilization of internal resources has become a core necessity to reduce the dependence on external resources.

“We have the opportunity to develop bond market, but the chance should not be missed,” he commented.

LankaBangla Finance earned a net profit of Tk 372 million in the first quarter of 2010 against Tk 90 million of the corresponding period of the previous year.

Earnings per share rose to Tk 7.10 (face value Tk 10) against Tk 1.70 during the period.

“Our services in the stock market and home loan areas in 2009 were very good, but we like to further consolidate our position in 2010 also,” Mr Mofiz added.

He said since driving force of the company’s growth is customers’ satisfaction, LankaBangla will strive for proper identification of customers’ needs and quality product and services commensurate with their expectation and requirement.

Explaining another move of 2010, Mr Sarker said to help develop the country’s economy, LankaBangla has established a separate department on SMEs.

“We have already appointed human resources and launched infrastructure network on the separate SME department,” Mr Sarker said.

The company registered a whopping 97.03 per cent increase in its net profit at Tk 744.07 million in 2009 against Tk 377.64 million in 2008.

The company’s paid-up capital during the period stood at Tk 442.75 million.

“The stock market is growing and we are committed to reach our quality service to the door steps of the general investors,” Mr Sarker said.

LankaBangla has been offering diverse financial services including lease, loan, corporate finance, bridge finance, working capital finance, merchant banking, factoring of receivables, home loan, stock market operation and credit card under master card brand.

It also receives deposit from individual and institutions under attractive/flexible/diversified deposit schemes.

He said awareness build-up is an important pre-condition to develop the factoring.

“Awareness must come from the pharmaceutical, tourism and multinational companies to develop the factoring, a new financing tool already developed in Sri Lanka, Thailand and Indonesia,” he added.

Established in late-1996, LankaBangla Finance is a joint venture financial institution established with multinational collaboration of foreign equity investment from Sri Lanka and Kingdom of Saudi Arabia.

The company approved 15 per cent cash and 20 per cent stock dividends for the year 2009 at the 13th annual general meeting (AGM) of the company held recently.

Source: The financial express on 29 June, 2010.

পুঁজিবাজারে আসছে এনার্জি প্রিমা

ব্যাংক ঋণ পরিশোধ এবং নতুন প্রকল্প চালু করতে পুঁজিবাজারে আসছে এনার্জি প্রিমা। সিকিউরিটিজ অ্যান্ড এক্সচেঞ্জ কমিশন (এসইসি) ইতিমধ্যে এনার্জি প্রিমাকে মূলধন বাড়ানোর অনুমোদন দিয়েছে। এসইসি সূত্রে জানা যায়, কম্পানির মূলধন বাড়ানোর প্রস্তাবের পরিপ্রেক্ষিতে গত ২৩ মে তাদের অনুমোদন দেওয়া হয়।
কম্পানিটি বুকবিল্ডিং পদ্ধতিতে পুঁজিবাজারে তালিকাভুক্ত হতে ইতিমধ্যে প্রস্তুতি শুরু করেছে। এনার্জি প্রিমা ১১ কোটি টাকা মূলধন বাড়ানোরও অনুমোদন পেয়েছে। প্রাইভেট প্লেসমেন্টের (প্রি-আইপিও) মাধ্যমে কম্পানি এ টাকা সংগ্রহ করবে বলে জানা গেছে। বর্তমানে কম্পানির পরিশোধিত মূলধন ১০৩ কোটি টাকা। ১১ কোটি টাকা বাড়ানোর পর মূলধন বেড়ে ১১৫ কোটি টাকায় দাঁড়াবে। এ ছাড়া কম্পানি প্রাথমিক গণপ্রস্তাবের (আইপিও) মাধ্যমে আরো ৪০ কোটি টাকা সংগ্রহ করবে। এতে কম্পানির পরিশোধিত মূলধন দাঁড়াবে ১৫৫ কোটি টাকায়।
গত ২৩ মে সিকিউরিটিজ অ্যান্ড এক্সচেঞ্জ কমিশন (এসইসি) চিঠির মাধ্যমে পাওয়ার সেক্টরের এ কম্পানির প্লেসমেন্টের মাধ্যমে মূলধন বৃদ্ধির অনুমোদন দেয়। বর্তমানে পুঁজিবাজারে জ্বালানি খাতের ১১টি কম্পানি তালিকাভুক্ত রয়েছে। এ ছাড়া পিএইচপি এনার্জি ও জিবিবি পাওয়ার পুঁজিবাজারে আসার উদ্যোগ নিয়েছে। এ তিনটি কম্পানি শেয়ারবাজারে তালিকাভুক্ত হলে এ খাতের কম্পানির সংখ্যা ১৪টিতে দাঁড়াবে।

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Mercantile Bank, Sandhani Ins to sponsor mutual funds

FE Report

Mercantile Bank Limited is going to float its first mutual fund worth Tk 1.0 billion in the capital market by the name and style “MBL 1st Mutual Fund”.

Recently, a signing ceremony of the Trust Deed Agreement took place between Mercantile Bank Limited and Bangladesh General Insurance Company Limited (BGIC).

Dewan Mujibur Rahman Managing Director & CEO, Mercantile Bank Limited and AK Azizul Haque Choudhuri Managing Director, BGIC on behalf has signed the deed agreement. Under this agreement BGIC will act as the Trustee of the forthcoming issue of “MBL 1st Mutual fund”.

Additional Managing Director A.K.M Shahidul Haque, Deputy Managing Director Md. Abdul Jalil Chowdhury and Monindra Kumar Nath along with other senior Officials of Mercantile Bank Limited, BGIC and L R Global were present in the ceremony. L R Global Asset Management Company Bangladesh limited will act as the Asset Manager of the fund.

Meanwhile, Sandhani Insurance will sponsor another mutual fund, titled ‘Sandhani Life Growth Fund’ with the size of Tk 2.0 billion with face value of Tk 10 each after taking proper permission from all regulatory authorities concerned.

The board of directors of the company took a decision in this regard Sunday.

Asian Tiger Capital Partners Asset Management Ltd will be the asset management company for the proposed fund. The company also will sponsor a mutual fund, titled ‘Sandhani Life Unit Fund’ with the size of Tk 500 million with face value of Tk 10 each after taking proper permission from all regulatory authorities concerned. Alif Asset Management Ltd will be the asset management company for the proposed fund.

In another development, the subscription of Janata Bank First Mutual Fund (JBFMF) starts on August 1 with a size of Tk 2.0 billion (200 crore), officials said.

For resident and non-resident Bangladeshis, the subscription periods of the JBFMF will be August 1 to 5 and August 1 to 14 respectively.

The Securities and Exchange Commission (SEC) approved the prospectus of the JBFMF on June 9 last and permitted the fund to go for subscription on June 22 last. An official of the SEC said, the prospectus of the mutual fund may be published today (Monday).

On January 25 last, the SEC approved the trust deed of JBFMF.

Earlier, the board of directors of Janata Bank Ltd approved a proposal to float the said closed-end mutual fund worth Tk 2.0 billion.

The fund will offload the units worth Tk 1.0 billion in the IPO.

Meanwhile, the bank has fulfilled 80 per cent of the remaining Tk 1.0 billion through private placement.

The bank itself will give Tk 200 million. The SEC official said after the subscription of the JBFMF, other mutual funds which got the SEC nod, would go for subscription.

Popular Life Mutual Fund, Green Delta Mutual Fund, PHP Mutual Fund and IFIC Bank First Mutual are awaiting for subscription.

Source: The financial express, 28 July, 2010

Matin Spinning to go public under book-building method

FE Report

Matin Spinning Mills Limited, a flagship concern of DBL Group, signed an agreement recently, with IDLC Finance Limited for going public under book building method, officials of IDLC Finance said.

IDLC Finance Limited will act as an issue manager for Matin Spinning Mills.

On the occasion of signing the agreement DBL Group Chairman Mr. Abdul Wahed, Managing Director M.A. Jabbar, Managing Director and CEO of IDLC Finance Selim R.F. Hussain and Deputy Managing Director Arif Khan were present.

Arif Khan said it would take at least ten months to pave the way for floating Initial Public Offering (IPO) for Matin Spinning Mills.

“We are expecting that Matin Spinning Mills will float IPO in the capital market in next April or May,” he said.

Matin Spinning Mills Limited is a one hundred per cent export oriented cotton spinning mill with state-of-the-art machinery and equipment from reputed brands having production capacity of 25,000 kg per day.

The company started commercial operation in October 2006 and was launched with the vision to meet the backward linkage needs of RMG industry.

Source: The financial express, 23 June, 2010